Spreadsheet Modelling


Lesson 1 Lesson 2 Lesson 3 Lesson 4

Starter (10 mins)

Write a list of the words you know that are associated with spreadsheets
list.jpg

Information (5 mins)

Modelling


Modelling means producing a series of mathematical equations that can be used to simulate a real situation.

If you were a business you might use modelling to predict the likely sales for a new product and the the flow of sales in and out of your bank account.

Personally you might be finding yourself wanting to produce a model to show if you could afford to run a car, or to take a holiday in the sumer.

These are all "what if" questions


Task (15 mins)


On paper - design a simple spreadsheet to see if you can afford to run a car. You will have variable and fixed cost

Variables
  • Petrol
  • Repairs
Fixed costs
  • Insurance
  • Price
  • MOT
  • Tax


Task (15 mins)

Add in formula to your design

Screen Shot 2014-02-10 at 09.24.10.png

You will need monthly totals and a grand total

Plenary (15 mins)


What other situations could you use spreadsheet modelling for?

Discuss the use of "What if" scenarios